Quote | Super Quote
23518 UB-TRIP@EP2408A (PUT)
RT Nominal down0.065 -0.005 (-7.143%)

10/09/2020 14:34

{I-bank focus}Jefferies trims China Tower (00788) to HK$1.44

[ET Net News Agency, 10 September 2020] Jefferies Research lowered its target price for
China Tower (00788) to HK$1.44 from HK$1.52 and maintained its "hold" rating.
The research house said China Tower's 1H EBITDA/EBIT was below Jefferies' estimates. Its
new forecasts incorporate lower BTS (base stations) assumptions resulting in an 8% cut in
longer-term revenue, 9% cut in EBITDA, and 10%-30% reduction in net profit.
Jefferies believes policy support for a single 5G rural network and the US DPR's (Direct
Product Rule) impact on Huawei would make more 5G co-building (2 networks in urban areas
and 1 network outside) a reality in 1H 2021. It cut its long-term 5G BTS forecast from
4.2m to 3.3m, and 5G/total capex by 25%/12% (2020-2026). (KL)

Back to Related News

Remark: Real time quote last updated: 18/04/2024 17:59
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.